RELATED PARTY TRANSACTIONS	9 Months Ended
Apr. 30, 2020
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	Note Payable On July 15, 2014, a corporation controlled by an officer and director committed $75,000 Promissory Note in the form of an unsecured line of credit at an annual interest rate of 5%. On December 31, 2019, the line of credit increased to $150,000 and was extended to December 31, 2021, and may be prepaid without penalty. The Company concluded the note modification was not a significant change and is not treating it as an extinguishment. During the nine months ended April 30, 2020, the Company borrowed $21,300 and repayments under the line of credit to the Company were made in the amount of $0. As of April 30, 2020, the Company was obligated, for this interest-bearing loan with a balance of $101,401 and accrued interest of $9,749. The remaining balance available under the line of credit is $48,599 as of April 30, 2020. For the nine months ended April 30, 2020 and 2019, the Company recorded interest expense of $3,511 and $2,494, respectively, and paid $0 in interest on this note payable. Other The Company does not own or lease property or lease office space. The office space used by the Company was arranged by the founder, who is also the CEO and President, of the Company to use at no charge.

RELATED PARTY TRANSACTIONS

9 Months Ended

Apr. 30, 2020

Note Payable On July 15, 2014, a corporation controlled by an officer and director committed $75,000 Promissory Note in the form of an unsecured line of credit at an annual interest rate of 5%. On December 31, 2019, the line of credit increased to $150,000 and was extended to December 31, 2021, and may be prepaid without penalty. The Company concluded the note modification was not a significant change and is not treating it as an extinguishment. During the nine months ended April 30, 2020, the Company borrowed $21,300 and repayments under the line of credit to the Company were made in the amount of $0. As of April 30, 2020, the Company was obligated, for this interest-bearing loan with a balance of $101,401 and accrued interest of $9,749. The remaining balance available under the line of credit is $48,599 as of April 30, 2020. For the nine months ended April 30, 2020 and 2019, the Company recorded interest expense of $3,511 and $2,494, respectively, and paid $0 in interest on this note payable. Other The Company does not own or lease property or lease office space. The office space used by the Company was arranged by the founder, who is also the CEO and President, of the Company to use at no charge.